The recent enormous growth of exchange-traded markets has
been fuelled in part by a shift away from OTC derivatives due
to counterparty credit risk concerns and the introduction of
new accounting standards, according to the latest Quarterly
Review from Bank for International Settlement (BIS).
BIS said that while short-term factors such as changes to US
monetary policy contribute to expansion of exchange-traded
markets, recent growth has remained buoyant even when US policy
rates remained stable, suggesting that the steady rise in
business may be due to longer-term factors such as credit risk
concerns and accounting changes.
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